KARACHI: Pakistan can export its entire home textiles, bed linen, cement and coarse count cotton yarn to India if trade is open between the two neighbours.
This was stated by the Federal Advisor on Textile Dr Mirza Ikhtiar Baig while speaking at the inauguration of 9th Textile Asia 2012 International textile and machinery exhibition, organised by the Ecommerce Gateway at Expo Centre here on Saturday.
He said that Pakistan would get a market of over 1 billion people. India is the largest buyer of Pakistani coarse count cotton yarn these days. Some of our textile items are hot cake, he added.
Baig said that Pakistani textile sector is very strong and we can double our textile exports if our entrepreneurs get uninterrupted supply of electricity, gas and water.
He pointed out that currently the share of textile exports in country’s total exports of $25 billion was more than 56 per cent or $ 13.8 billion in 2011. The export target for textile has now been set at $25 billion till 2014 in trade policy, he added.
The Advisor said that the country is expecting to get a green signal from European Union for the start of export under duty free access allowed on 75 items, of which 65 are textile products.
He said Pakistan is expected to make an additional export worth 300 million euros to EU countries for two years.
Dr Baig said that almost all the leading textile brands, including Nike, Levis, Wranglers, are manufactured in Pakistan.
He said: “textile has a lot of potential for growth as it registered an impressive growth of 38 per cent last year and we are aiming more.
“We will be exporting garments to China in near future,” he added.
Earlier, CEO of Ecommerce Gateway Sohail Aziz said that deals worth $3.5 billion had been negotiated in the last nine years at Textile Asia.
About 276 exhibitors from 39 countries are displaying their products representing 369 international brands.—APP